Hoarding dollars at this time is grave ‘sin’: Mufti Taqi Usmani

KARACHI: Islamic scholar Mufti Taqi Usmani knowledgeable the nation that buying {dollars} at the moment, in an effort to promote them off because the rupee devalues, is a grave sin.

In a social media put up, Mufti Usmani enlightened on Tuesday that, “Purchasing {dollars} to hoard and earn revenue by the rise in its worth is a grave sin and disloyalty to the nation within the current financial state of affairs.”

He additionally refereed to “some narrations of a Hadith”, based on which, “these concerned in hoarding [dollars] are cursed by Allah.”

Earlier at the moment, with a constant upward development, the US greenback touched a brand new report excessive of Rs153 within the open market.

The rupee has continued to slip down towards the buck in latest weeks. The greenback was recorded at Rs150 on Friday, at Rs147 on Thursday and Rs144 on Wednesday, previously week.

Within the mild of present state of affairs of the market, Federal Investigation Company (FIA) has additionally launched a crackdown towards greenback hoarders in addition to these concerned in Hawala Hundi enterprise.

 

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